Fix-it Felix Corporation reported net income of $25,000 for the year ended December 31, 2020. During the year, inventories decreased by $7,900, accounts payable decreased by $8,450, depreciation expense was $10,900, and accounts receivable increased by $7,400. Required: 1. Using the indirect method, calculate net cash provided by operations in 2020. Net Cash Provided By Operations Based on the following information, compute cash flows from financing activities under GAAP. Issued Stock to New $ 350 Investor Dividends paid 1,300 Interest paid 500 Additional borrowing from 3,300 bank Investment in another 11,000 company's stock Repayment of bank loan 750 Cash Flows from Financing Activities Based on the following information, compute cash flows from investing activities under GAAP Sale of Used Truck $ 880 Purchase of used equipment 240 240 Depreciation expense 530 Sale of Land 120 Dividends received Purchase of Stock in another company 240 Cash Flows from Investing Activities